ADB supports Thailand green bonds for Covid-19 recovery

The Asian Development Bank (ADB) is assisting the government of Thailand in designing, issuing and monitoring innovative capital market initiatives as part of the country’s recovery from the Covid-19 pandemic in a manner aligned with the 2015 Paris Agreement and the UN Sustainable Development Goals. ADB’s ...

Chito Santiago

Unwarranted sanctions: US move against Chinese firm in Cambodia strongly condemned

The government as well as the Chinese Embassy in Cambodia have strongly rejected and condemned the United States move to impose sanctions on Union Development Group (UDG), with Defence Minister General Tea Banh considering it part of US “geopolitical ambitions.” Academics also said yesterday the move ...

Ben Sokhean and Sen David

Mekong Delta localities urged to work harder to complete yearly targets

In a document informing the PM’s conclusion in a meeting with leaders of the Mekong Delta localities, PM Phuc called for the engagement of the whole political system in implementing the Government’s resolutions on supporting COVID-19-hit people and solutions to remove difficulties facing business and ...

VNA

B1.4bn loan for Myanmar power grids

A concessional loan worth 1.45 billion baht to help Myanmar improve its electricity system has been approved by the government, according to an official. Rachada Dhnadirek, deputy government spokeswoman, on Tuesday said the loan is part of an initiative to strengthen ties with neighbouring countries. The Neighbouring ...

MONGKOL BANGPRAPA

Vietnam’s Southern Key Economic Region: Opportunities for Investment

Vietnam has emerged as an important investment spotlight for foreign investors. With GDP growth of 7 percent, import-export turnover of US$518 billion in 2019, and total registered capital of $362.58 billion by the end of 2019, the country continues to thrive in a wide variety ...

Rebecca An

Vietnam-EU Trade: EVFTA Ratified by Vietnam’s National Assembly

Highlights: Vietnam’s National Assembly on June 8 ratified the EVFTA and the EVIPA agreements between Vietnam and the EU. Analysts hope the trade deal will give a much-needed boost to Vietnam’s economy as it looks to recover from the COVID-19 pandemic. The agreement is expected to take effect sometime ...

Dezan Shira & Associates

Moody’s sees ‘solid growth prospects’ for Cambodia

Moody’s Investors Service says Cambodia has strong fiscal buffers to counter disruptions to trade and growth arising from the COVID-19 pandemic. In a statement released in Singapore Friday, the US credit rating agency said slowdowns in China, the EU and the US would deter Cambodia’s growth ...

Khmer Times staff

Chinese investment upheavals anger Laos' indigenous tribes

Rackety trucks rush across China’s border with its backwater neighbor, stirring up clouds of dust and drowning the tweets of tropical birds. Chinese projects to construct roads in one of Asia’s poorest countries date back to 1962 when Laos was subject to a proxy war between the global Cold ...

Robert Bociaga

Sihanoukville eyes a bright future to become ‘Shenzhen of Cambodia’

After allowing the MS Westerdam and its 2,000 passengers and crew to dock at its port on February, Sihanoukville, a quiet and small port city in Cambodia has commanded the global spotlight.  Aside from offering a safe departure for those on board, Sihanoukville is in the ...

Lan Hui Source

Myanmar approves 12 local and foreign investment enterprises

Myanmar Investment Commission (MIC) recently approved 12 investment enterprises from home and abroad, said a release from the Directorate of Investment and Company Administration (DICA) on Saturday (Feb 15). The enterprises, which will create over 6,600 job opportunities for Myanmar citizens, were permitted at the commission’s ...

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